Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
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Source: CNBC
Published: 2026-05-08 10:53 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Natural Disasters, Iran, Energy, World News, War & Conflict
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Snippet:
Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption to shipping via one of the world's most critical oil route.
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